Waterfront W/ Incredible 90% Seller Financing

Business Overview:

The town has indicated they are no longer going to purchase the Mooring property in Guilford the restaurant can be yours. Get ready for a once-in-a-lifetime opportunity! Imagine owning a rare waterfront restaurant with breathtaking views of Long Island Sound. The sellers are so confident in this unbeatable location that they’re offering financing for up to 90% of the purchase price on amazingly favorable terms. Any concept would flourish here—this venue boasts private event spaces perfect for hosting up to 80 guests. Your patrons will soak up the beauty of boats gliding by while indulging in delectable meals and signature cocktails. The outdoor seating, paired with a bar, creates an idyllic setting. Picture the tranquil sound of waves gently caressing the shore and a refreshing sea breeze weaving through the air—this ambiance truly sets the stage for unforgettable moments. To top it off, ample parking makes this gem even more accessible. This restaurant's history is impressive. It operated successfully for 25 years under absentee ownership, with a rent of only $14,000 per month—just a 9% rent factor! Replicating and duplicating this stellar facility would cost over $1 million. Key features include a lively 20-seat bar, a thriving 60-seat lounge that once hosted electrifying entertainment, a charming patio with 30 seats and a bar so close to the water guests could fish, and a captivating dining area with 100 seats. Altogether, this masterpiece spans 5,000 square feet of prime waterfront real estate. With the original absentee owners retiring after an illustrious run, the stage is set for a driven new owner-operator to restore this venue to its former glory. Act quickly, this waterfront marvel won’t stay on the market for long at this unbeatable price!
Don’t forget: During its peak, this restaurant raked in a remarkable $3,000,000 annually with absentee ownership. Factor in the extraordinary seller financing, and this becomes a deal like no other. Call now to seize this exceptional waterfront opportunity, it’s truly the buy of the century

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Market Competition and Expansion:

Competition: As they say, they are not making any more waterfront

Growth & Expansion: An experienced owner-operator will knock this out of the park, and given its prime location, any concept will work here

Reason for Selling:

Additional Details:

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